Design-build contract is a type of construction contract where the design and construction of a project are carried out by a single entity. This approach is popular among contractors, architects, and owners in the construction industry.

The design-build contract is advantageous for project owners because it saves time and cost. It eliminates the need for multiple contracts, as the design and construction process is carried out concurrently. Because of this, the design-build approach also ensures that the project is completed faster and within budget.

In a design-build contract, the owner hires a single entity known as the design-build contractor. This contractor will be responsible for the design, construction, and management of the entire project from start to finish. The contractor will also be responsible for the project’s performance, quality assurance, and risk management.

The design-build contractor, in turn, hires architects, engineers, and other necessary professionals to carry out the project. These professionals work together as a team to complete the project within the given timeframe and budget.

The design-build approach is best suited for projects where speed is a priority. It is also suitable for projects where there is limited access to resources such as labor and materials. The approach ensures that the owner and contractor work together towards a common goal, reducing the likelihood of misunderstandings or disputes.

In summary, a design-build contract refers to a project approach where a single entity is responsible for the design, construction, and management of a project. This approach saves time, reduces costs, and ensures that the project is completed within budget and on time.